L&T buys over 4.5 lakh shares of Mindtree, hikes shareholding to 26.93%

Infrastructure major Larsen and Toubro (L&T) on Thursday acquired over 4.5 lakh shares of Mindtree from open market, taking its shareholding in the IT services firm to 26.93 per cent, according to a regulatory filing. “Larsen and Toubro Ltd has acquired 4,50,687 equity shares (with a face value of Rs 10 each) of Mindtree Ltd on May 23, 2019,” a Mindtree filing said.

After the latest transaction, L&T’s shareholding in Mindtree stands at 26.93 per cent. The latest stock purchase was made at ₹ 979.91 apiece. Earlier this month, L&T purchased around 20 per cent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from open market.